Companies

NEW YORK: For years it has been said that the newspaper industry is on a downturn. Publishers have always characterized it as a gentle, slow decline, a perception that allows them to take time to figure things out. But a new report from Merrill Lynch's Lauren Rich Fine -- a champion of newspapers -- reveals publishers better get on the stick, because the industry may be deteriorating faster than...

The Times announced today that it will start printing in America from next month for the first time in its history. The first United States edition of The Times will be published on Tuesday, June 6 and will be available by subscription and at more than 2,000 retail outlets across New York and New Jersey. Commenting on the launch of the US edition, Robert Thomson, Editor of The Times said: "This is...

New Delhi: In a move that will strengthen the public forum Citizen Journalist, that CNN-IBN provides to the citizens of India, IDEA cellular has joined hands with the channel and will enable the masses to use their mobile platform to report news of all genres- sports, general interest and entertainment. People can now report news items of importance from various parts of the country by sending in...

Amnesty International is turning up the pressure on Yahoo! to change directions in China. Amnesty International USA, the American branch of the international human rights group, is sending an official to Yahoo’s annual shareholder meeting on May 25 at the Santa Clara Convention Center in Silicon Valley. Anthony Cruz, the San Francisco-based Amnesty official who plans to speak at the meeting...

McClatchy Co. has agreed to sell Philadelphia's major daily newspapers and web site Philly.com to a group of local investors for $562 million, most of which will be borrowed from banks. "We got it," said a jubilant Brian P. Tierney as he rushed through The Inquirer and Philadelphia Daily News lobby this afternoon to a meeting with publisher Joe Natoli. "We signed every line." Tierney, a...

Representatives of big media companies--said to include Time Warner and NBC Universal, among others--will don hard hats Tuesday, May 23, and make a visit to what will be the new broadcast studio of the Newseum, the Washington-based museum/educational center dedicated to journalism past, present and future. The media companies are said to be bringing with them what is being billed as "one of the...

TWENTY-FIRST-CENTURY media companies are well-positioned to take advantage of a changing global economy and are inventing new ways of monetizing previously unused audience assets, according to the chairman and CEO of Yahoo!, one of the largest Internet companies. At least 500 million of the one billion people connected to the Internet use one of Yahoo!’s services at least once a month, according...

The World Association of Newspapers is launching a unique media development programme in the Arab world in which selected newspapers will work together to share new commercial and editorial strategies with publishers and editors throughout the region. A team from the Paris-based WAN is visiting potential partners in Egypt, Jordan and Saudi Arabia this week in the first phase of the WAN Arab...

LONDON (Reuters) - Pearson Plc shook up leadership of its newspapers on Monday, appointing Chief Financial Officer Rona Fairhead to run them after its flagship Financial Times struggled for four years to return to profit. Olivier Fleurot, 54, who had been chief executive of the FT's publishing businesses, will move to the corporate parent to develop digital strategies for the group, which includes...

WASHINGTON -(Dow Jones)- Knight Ridder Inc. (KRI) Chairman and Chief Executive P. Anthony Ridder could be entitled to a $9.4-million cash severance payment once the company's planned merger with McClatchy Co. (MNI) closes. According to a regulatory filing from McClatchy on Wednesday, the payment would be made if, during the three-year period following a change of control of the merged company...